# BHC: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/BHC
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.80 |
| Delta neutral (USD/share) | 6.20 |
| Gamma neutral (USD/share) | 5.47 |
| Gamma max (USD/share) | 6.12 |
| Open interest (contracts) | 174,627 |
| Nearest-expiration max pain (USD/share) | 1.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 7.00 |
| Net gamma exposure | 1,391,192 |
| Confirmed GEX flip (USD/share) | 5.47 |
| Call wall (USD/share) | 6.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 1.89 |
| Options catalyst-intensity score (0–100) | 41.9 |
| Options directional score (-100 to +100) | -30.9 |
| IV rank | 57.8 |
| Front ATM IV | +51.6% |
| Front-minus-back IV | -6.7 pp |
| Front expected move | +7.2% |
| Front ATM straddle / spot | +6.0% |
| Front 25-delta risk reversal | 1.6 pp |
| Call OI change, 1 session | -531 contracts · -0.9% |
| Put OI change, 1 session | -549 contracts · -0.5% |
| Call minus put OI growth, 1 session | -0.4 pp |
| Call OI change, 5 sessions | +765 contracts · +1.3% |
| Put OI change, 5 sessions | -213 contracts · -0.2% |
| Call minus put OI growth, 5 sessions | +1.5 pp |
| Daily call OI change surprise | -0.23σ (252 prior changes) |
| Daily put OI change surprise | -0.19σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.07σ (252 prior changes) |
| Daily open interest change (contracts) | -1,080 |
| Daily open interest change z-score (prior 252) | -0.23σ (252 prior changes) |
| Gamma max distance from close | +5.5% |
| Delta neutral distance from close | +6.9% |
| Prior-year sessions closer to gamma max | 4.8% of 252 |
| Prior-year sessions closer to delta neutral | 50.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 23 | +0.4% | -1.2% to +1.3% | 57% | -0.1% to +1.2% | 0.0% |
| above | Day +3 | 23 | -1.3% | -3.0% to +2.3% | 43% | -2.6% to +1.0% | 0.0% |
| above | Day +5 | 23 | +0.5% | -4.6% to +3.4% | 52% | -4.0% to +3.0% | 0.0% |
| above | Day +10 | 23 | -0.4% | -7.7% to +3.0% | 48% | -4.7% to +1.3% | 0.0% |
| below | Day +1 | 23 | -0.8% | -1.8% to +1.2% | 39% | -1.6% to +0.7% | 0.0% |
| below | Day +3 | 23 | -1.3% | -3.1% to +1.1% | 39% | -2.8% to +0.8% | 0.0% |
| below | Day +5 | 23 | -1.6% | -5.2% to +1.4% | 39% | -3.8% to +0.9% | 0.0% |
| below | Day +10 | 23 | -2.8% | -9.9% to +3.0% | 35% | -7.3% to +1.4% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/BHC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BHC.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/BHC.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).